Recall the Application About the Relationship Between the Growth in Productivity

question 16

Multiple Choice

Recall the Application about the relationship between the growth in productivity in the United States and
the Internet and information technology to answer the following question(s) . U.S. productivity growth
increased in the last half of the 1990s. Economists question whether the computer and Internet revolution
are responsible for this increase in productivity growth, and whether the increase is permanent or
temporary.
-According to this Application, proponents of a ʺnew economyʺ have proclaimed that

• A)the computer and Internet revolution have led to permanent increases in productivity growth.
• B)there are better ways to measure productivity growth than the impact of the computer and Internet.
• C)including a consideration of relative prices would enable better calculations of GDP and productivity growth.
• D)the computer and Internet revolution had little to do with increases in productivity growth in the 1990s.

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Definitions:

Career Model

A framework for understanding the progression of an individual's professional life, often including stages of growth, development, and transition.

Important Activities

Tasks or actions that hold significant value or priority in achieving goals or fulfilling responsibilities.

FOB

An acronym for "Free On Board," a term used in shipping agreements to indicate that the seller is responsible for the goods until they are loaded onto a vessel at the specified location.

FAS

Generally refers to Financial Accounting Standards, which are guidelines for how financial reports are to be prepared by companies.